Logo of Phnom Penh Post newspaper Phnom Penh Post - Cambodian bikes rolling all over

Cambodian bikes rolling all over

Content image - Phnom Penh Post
Cambodia exported more than 1.5 million bicycles worth over $379 million in January-September. POST STAFF

Cambodian bikes rolling all over

The Kingdom’s bicycle exports totalled more than $379 million during the first nine months of the year, up 28.92 per cent compared to the same period last year, the state media service Agence Kampuchea Presse (AKP) reported.

Citing data from the Ministry of Commerce, AKP said more than 1.5 million bicycles were shipped during the period, with the US importing the lion’s share at more than half a million.

Ranet, from real estate news portal Property Area Asia, reported that the Kingdom exported “more than 550,000” bicycles to the world’s largest economy in nominal terms, also citing the ministry.

Elsewhere, 360,000 bikes were sold to Germany, 270,000 to the UK and 150,000 to Belgium. The Netherlands imported 90,000 while Australia bought 100,000 bikes, according to AKP.

Ministry of Commerce spokesman Seang Thay told The Post that Cambodia’s bicycle exports remained normal despite Covid-19.

He claimed that from January to September, bicycle exports increased by more than $85 million compared to the same period last year.

“Minister of Commerce Pan Sorasak sent a letter to all buyers to continue accepting ordered goods from Cambodia.

“Cambodia has retained its capacity to produce despite the Covid-19 situation. Thank you to all the buyers for accepting the minister’s request,” Thay said.

Cambodia Chamber of Commerce vice-president Lim Heng told The Post that bicycles were in vogue because they reduced air pollution in urban areas and provided a chance to exercise for people cooped up by Covid-19.

Bicycles’ rising popularity pushed the Kingdom to keep up with the added global demand, he said.

“The increase of the Kingdom’s bicycle exports during the period reflects on the good investment climate in Cambodia,” Heng said.

Overall, bilateral trade between Cambodia and the US reached more than $5 billion in the first nine months of the year, up 16 per cent compared to the same period from last year, according to figures from the US Census Bureau.

The figures show that the Kingdom exported $4.82 billion worth of products, up 22 per cent year-on-year and Cambodia imported $232 million from the US, down 42 per cent year-on-year.

Speaking at the third edition of the Indo-Pacific Business Forum (IPBF) last week, US ambassador to Cambodia Patrick Murphy noted that the Kingdom is a regular benefactor of US products and services.

He said the Cambodian private sector actively works with the US government and its agencies to create financing vehicles and grow their businesses.

He highlighted the dramatic growth in US-bound Cambodian exports in recent years.

The US is the largest market for Cambodian exports, taking in $5.4 billion last year, up from $3 billion in 2015, Murphy previously said.

According to the National Bank of Cambodia, the US accounted for $10.9 billion (or 29 per cent) of Cambodian exports from January-September last year. The Kingdom accounted for just two per cent of US exports during the period, worth $16.5 million.

MOST VIEWED

  • Phnom Penh curfew starts today

    A two-week curfew from 8pm to 5am starts today in Phnom Penh, a day after a sub-decree detailing administrative measures to contain Covid-19 was issued by Prime Minister Hun Sen. “Travelling in Phnom Penh is temporally banned between 8pm and 5am,” said Phnom Penh governor

  • Cambodia on the verge of national tragedy, WHO warns

    The World Health Organisation (WHO) in Cambodia warned that the country had reached another critical point amid a sudden, huge surge in community transmission cases and deaths. “We stand on the brink of a national tragedy because of Covid-19. Despite our best efforts, we are

  • Cambodia gears up for muted New Year festival

    The recent curfew and restrictions imposed in the capital and other Covid-19 hotspots were intended to break the chain of transmission, Ministry of Health spokeswoman Or Vandine said as municipal and provincial authorities issued new directives banning certain activities during the upcoming Khmer New Year

  • Vaccination open to foreigners in Cambodia

    The Ministry of Health on April 8 issued an announcement on Covid-19 vaccination for foreigners residing and working in Cambodia, directing the Ministry of Labour and Vocational Training and local authorities to register them. Health minister Mam Bun Heng, who is also head of the inter-ministerial

  • Covid-19 vaccination now obligatory

    Prime Minister Hun Sen on April 11 issued a sub-decree making Covid-19 vaccination compulsory for individuals unless they have a medical certificate proving they have pre-existing health conditions that prevent them from doing so. «This applies to all members of the armed forces and civil servants

  • Time to Rise by rapper, chapei legend is viral hit with ancient-modern mix

    Kong Nay is known internationally as the master of the chapei dang veng, a traditional Cambodian instrument resembling a long-necked lute or guitar with two nylon strings that he was already playing professionally by the age of 15. Nay is sometimes referred to as the Cambodian